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Feb 3, 2012
02/12
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so i believe the u.s. should support if it turns out to be necessary, additional imf financial contributions to the european problem on a minority basis, maybe the one-third in the previous cases, maybe less, but certainly it could be significant, and i therefore think the united states should ed imf to create a new to $600 conjunction with the funds the europeans are raising, would take the firewall to beyond a trillion dollars. which should convince the markets there will be enough there to avoid any italy or spain. i think the u.s. should support that. however, i do not think the imf eds shoulditself should be borrowed from the big sur plus and creditor companies. china, japan, singapore, hong kong, brazil, russia, mexico, korea. many of those countries have already said they will lend. they should, in fact, be tapped. they have big surpluses, big reserves. we should support the effort but not put in our own money. the u.s. needs to take this as a wakeup call itself. and you suggested that, mr. chairman
so i believe the u.s. should support if it turns out to be necessary, additional imf financial contributions to the european problem on a minority basis, maybe the one-third in the previous cases, maybe less, but certainly it could be significant, and i therefore think the united states should ed imf to create a new to $600 conjunction with the funds the europeans are raising, would take the firewall to beyond a trillion dollars. which should convince the markets there will be enough there to...
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if the u.s. has five dollars a gallon of gasoline then it will innovate out of a out of an oil problem that's that's the significant risk to russia and that's but that's the way that most investors see it dimitri you know when you look at the rushes oil patch energy patch in general is big good or is it good for competition is this again it's a criticism of russia's energy sector. you know her stuff would lead to mention of one pretty important issue in russia russia is actually playing till fall because plenty of conventional oil just to its virtual flow in the us of so much about us for the united states is just so damn is higher it's worth war so we kill a lot of conventional oil before we get to the point where the united states decided to go to show we need to give her another fifteen billion tonnes of could. take another twenty years so far far away from a point where we need to think about the show or before we go to chris i want to ask you i mean again i mean this diversification if you c
if the u.s. has five dollars a gallon of gasoline then it will innovate out of a out of an oil problem that's that's the significant risk to russia and that's but that's the way that most investors see it dimitri you know when you look at the rushes oil patch energy patch in general is big good or is it good for competition is this again it's a criticism of russia's energy sector. you know her stuff would lead to mention of one pretty important issue in russia russia is actually playing till...
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of major u.s. companies have been have been paring back on on planning on investing and on hiring us labor market let's not forget that is is recovering extremely slowly so the fiscal cliff is already having a major impact i agree with the two guys before i think it will probably go into the first quarter where you know they have a debt ceiling and the debt ceiling well we will be breached in about march so that that that will be that's that. ultimate line but there's been conflicting noises coming from that from the republicans in the house even though they've signed up to the new increase in taxes i thought there will definitely be compromise i mean all they have to say but i think you yes ok dimitry it's talk about russia's growth story here i mean we'd end the year around three point three percent three point five percent what are you looking at next year for g.d.p. growth for russia considering everything we've said about oil prices fiscal cliff except. i don't see how far these go of might be
of major u.s. companies have been have been paring back on on planning on investing and on hiring us labor market let's not forget that is is recovering extremely slowly so the fiscal cliff is already having a major impact i agree with the two guys before i think it will probably go into the first quarter where you know they have a debt ceiling and the debt ceiling well we will be breached in about march so that that that will be that's that. ultimate line but there's been conflicting noises...
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Apr 25, 2012
04/12
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CSPAN3
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situation 15 years ago and the u.s. situation today is that japan was in deflation, and clearly, when you're in deflation, and in recession, then both sides of your mandate, so to speak, are demanding additional accomodation. in this case, we are not in deflation. we have an inflation rate that's close to our objective. why don't we do more? first i would, again, reiterate we are doing a great deal. policies extraordinarily accommodative. i won't go through list again but you know all the things we have done to try to provide support to the economy. i guess the question is does it make sense to actively seek a higher inflation rate in order to achieve a slightly increased reduction -- slightly increased pates of reduction in the unemployment rate? the view of the committee is that that would be very -- reckless. we have -- we the federal reserve have spent 30 years building up credibility for low and stable inflation, which proved extremely valuable in that we've been able to take strong actions in the last four, five y
situation 15 years ago and the u.s. situation today is that japan was in deflation, and clearly, when you're in deflation, and in recession, then both sides of your mandate, so to speak, are demanding additional accomodation. in this case, we are not in deflation. we have an inflation rate that's close to our objective. why don't we do more? first i would, again, reiterate we are doing a great deal. policies extraordinarily accommodative. i won't go through list again but you know all the...
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May 25, 2012
05/12
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CSPAN3
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brennan, basically admitting that the u.s. uses drones and is going to continue to in justifying that and of course you also have continuing guantanamo bay, which has not been closed and detention without having to bring a charge for counterterrorism for security reasons. i wonder if you think those issues will, first of all, be issues in the u.s. presidential campaign if it's going to come um or if you think it just won't be an issue. if it will become an issue for transatlantic relations as well. it's interesting to me back in the bush years, like these were front and center esh use and now it seems like they're not so important anymore. >> i don't think they'll be part of the election. i think that -- i don't think that there's a tolerance that's developed since everybody has been concerned about the treatment of people that are picked up but at the same time i think that the president has been -- and john brennan had been very clear about the detainment policy. this administration clearly has stopped a lot of things that t
brennan, basically admitting that the u.s. uses drones and is going to continue to in justifying that and of course you also have continuing guantanamo bay, which has not been closed and detention without having to bring a charge for counterterrorism for security reasons. i wonder if you think those issues will, first of all, be issues in the u.s. presidential campaign if it's going to come um or if you think it just won't be an issue. if it will become an issue for transatlantic relations as...
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May 8, 2012
05/12
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CSPAN3
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bank, the u.s. bank is still subject to u.s. laws and still subject to u.s. regulatory authorities. and in exchange for that, access the financing facilities by the u.s. federal reserve. of course, the same, you know, is true in europe for european bank banks that have u.s. banks. >> what did french voters vote against this weekend? what message were they trying to send to their government? >> i think the biggest frustration that characterized the french world this weekend is really president car cozy promised to modernize france. and yet very little action. very little was achieved under his presidency. yes, it's true the presidency was hijacked by the european crisis. in a recessionaire environment, that said, you know, there's the need for france to move forward. and car cozy didn't really pick up on that. the problem is to deliver a better future. he's successful in the project where, you know, it's about budget austerity. not just sort of reacting, the french government is being told. >> with regard to austerity and what the french government tried to do, what lessons can be le
bank, the u.s. bank is still subject to u.s. laws and still subject to u.s. regulatory authorities. and in exchange for that, access the financing facilities by the u.s. federal reserve. of course, the same, you know, is true in europe for european bank banks that have u.s. banks. >> what did french voters vote against this weekend? what message were they trying to send to their government? >> i think the biggest frustration that characterized the french world this weekend is really...
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Feb 7, 2012
02/12
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CSPAN3
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so ironically b u.s. dollars strengthened and u.s. interest rates went down during the worst part of the crisis because the u.s. is viewed as a safe haven. it's where investors want to go when the rest of the world is uncertain. in that respect, that actually helps us. if we were to have a significant further downturn in the economy that braug down tax revenues and greatly increased deficits, that would put stress on an already stressed situation. >> as chairman, you also meet from time to time with the president. in those discussions, in your contact with the president and his advisers, vo you underscored the necessity of entitlement reform in order to get the country back on a sustainable fiscal path? >> i've talked -- you know, i think that issue is well recognized. i certainly talked about it, yes. >> one of the concerns we've had is there haven't been in the present budget submissions any real focus on the issues. and a willingness to confront the challenges with regard to the unsustainable costs driven primarily by the big three
so ironically b u.s. dollars strengthened and u.s. interest rates went down during the worst part of the crisis because the u.s. is viewed as a safe haven. it's where investors want to go when the rest of the world is uncertain. in that respect, that actually helps us. if we were to have a significant further downturn in the economy that braug down tax revenues and greatly increased deficits, that would put stress on an already stressed situation. >> as chairman, you also meet from time...
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Jan 15, 2012
01/12
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WUSA
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but the way the u.s. has this time not led the whole operation from scratch has been i would be a wake up call and take into account in the way we develop capabilities right now in various parts of the alliance. >> there is a question that folks have about a capability gap. obviously long time discussion between the united states and europe. but there is a fear that this gap is going to widen given that europe is likely to spend less than the united states. obviously at any point. as the united states starts to shift its emphasis and focus to start fighting in more contested areas. one of the areas is operate in anti-access environments where libya was a permissive environment. what sosht of electrical focus that european countries have to make particularly european nato allies to wrap their minds if we are sent to an iran situation or some other place where we can operate in an area that is in much more contested area than for example a libya or an afghanistan? >> basically i think we will always be diff
but the way the u.s. has this time not led the whole operation from scratch has been i would be a wake up call and take into account in the way we develop capabilities right now in various parts of the alliance. >> there is a question that folks have about a capability gap. obviously long time discussion between the united states and europe. but there is a fear that this gap is going to widen given that europe is likely to spend less than the united states. obviously at any point. as the...
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Feb 26, 2012
02/12
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CSPAN2
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the u.s. we've lost roughly half of our manufacturing jobs in the last ten years in part because economic activity is moving so quickly elsewhere. but in general what happens is today's core over time becomes tomorrow's periphery. today's periphery becomes tomorrow's core. and that's because if we look historically, really as far back as we can go, you see that great powers don't stay on top forever and that their innovation, their know-how gradually moves to other regions that are less developed. and over time they are able to catch up with the core, and they end up being in a hegemonic position n a dominant position. then that cycle starts all over again. you're right to say that this last tush occurred -- turn occurred quite slowly. the u.s. and the europeans have effectively been atop the heap since about 1815 when the napoleonic wars ended. so we've had about two centuries which was a pretty good run. and i think what we're headed to now is a world that for most of the 21st century won't
the u.s. we've lost roughly half of our manufacturing jobs in the last ten years in part because economic activity is moving so quickly elsewhere. but in general what happens is today's core over time becomes tomorrow's periphery. today's periphery becomes tomorrow's core. and that's because if we look historically, really as far back as we can go, you see that great powers don't stay on top forever and that their innovation, their know-how gradually moves to other regions that are less...
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Feb 2, 2012
02/12
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CSPAN3
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u.s. dollar interest rates will start rising very quickly. the u.s. dollar will start falling very quickly and we will have a problem very similar to what the weak european countries have right now. >> thank you. terrific all three. i really appreciate your contributions to the committee. what is your assessment how the basel rounds impact the current european crisis. what is your assessment of what those changes require and how that interacts with what is currently happening? dr. johnson? >> i presume you're talk act the basel records on the capital requirements for banks. >> just so you know, the reason i ask the question, we have had a lot of commentary among colleagues, asking the question, what are the effects of inkresed capital requirements. are they sufficient? are they insufficient. what effect are they having on the current challenges. >> thank you, senator. it's a very good question, and highly appropriate to ask it. there's something between the agreement of basel and other governments how they agree on what capital should be. if you're ho
u.s. dollar interest rates will start rising very quickly. the u.s. dollar will start falling very quickly and we will have a problem very similar to what the weak european countries have right now. >> thank you. terrific all three. i really appreciate your contributions to the committee. what is your assessment how the basel rounds impact the current european crisis. what is your assessment of what those changes require and how that interacts with what is currently happening? dr....
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5.8K
May 26, 2012
05/12
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FOXNEWSW
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like the u.s. postal service nobody uses the service when they charge more for it. >> me and adam agree on some things. this is called capitalism. if you don't like the service that they are providing or the lack of service you go to some where else. >> and they all move be in tandem with each other. >> do you think if some airline crunched numbers and said we won't charge you extra for your bags and break up the family. >> it's called southwest. >> and they don't fly to a lot of december city nations. lotoof decemberof dest ination. >> our guys can keep you in the green even when the market is seeing red. rees... take away the pixie dust. take away the singing animals, and the storybook narrator... [ man ] you're left with more electric trucks. more recycled shipping materials... and a growing number of lower emissions planes... which still makes for a pretty enchanted tale. ♪ la la la [ man ] whoops, forgot one... [ male announcer ] sustainable solutions. fedex. solutions that matter. i'm makin
like the u.s. postal service nobody uses the service when they charge more for it. >> me and adam agree on some things. this is called capitalism. if you don't like the service that they are providing or the lack of service you go to some where else. >> and they all move be in tandem with each other. >> do you think if some airline crunched numbers and said we won't charge you extra for your bags and break up the family. >> it's called southwest. >> and they don't...
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Feb 11, 2012
02/12
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CSPAN2
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. >> given the fact that the u.s. is struggling foster have budgetary consolidation and oriented toward growth and we are doing exactly the same in a different context, how we can develop synergies in order to do this more easily. as to the imf, there is prominence in the imf in this room. i would say that the imf, being a veryhe tey and constructive role, i think that the imf drivers when it says concerning crisis management and financial firearms -- firewalls, we cannot do more with europe unless the europeans give proof of believing in themselves, in us and doing themselves more than they do in terms of firewalls. this is the correct attitude where i perhaps would see room for improvements also on the part of the ito th would be in having a broader understanding of specific situations in which the strict adherence to a model might prevent pragmatic solution to the problem. i don't have the latest details about the agreement reached with the prime minister and the agreement between him and the political parthows but
. >> given the fact that the u.s. is struggling foster have budgetary consolidation and oriented toward growth and we are doing exactly the same in a different context, how we can develop synergies in order to do this more easily. as to the imf, there is prominence in the imf in this room. i would say that the imf, being a veryhe tey and constructive role, i think that the imf drivers when it says concerning crisis management and financial firearms -- firewalls, we cannot do more with...
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Jun 9, 2012
06/12
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CSPAN3
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and with that, open it up for questions. >> as far as the u.s. fiscal situation, i guess it kind of depends on what they do and when, right? and how much the different scenarios, how much impact on economic growth they have. like say they don't do anything until after the election, but say they just like do a short-term extension of the tax cuts and maybe somehow avoid the sequester, but don't really solve the whole thing and kick it into the next year, versus like doing a full board of deal after the election versus doing nothing at all and the sequester happens. how much do all these scenarios, what's the difference of economic projection? >> it's a very challenging environment to forecast. given that there's great deal of uncertainty. on the forecast. i think many planners in the economy as well. there's tremendous uncertainty in terms of tax policy. right, this is one example. the so-called bonus appreciation on capital equipment, that's been coming down. that probably has some impact on capital spending this year. we've seen slow down in cap
and with that, open it up for questions. >> as far as the u.s. fiscal situation, i guess it kind of depends on what they do and when, right? and how much the different scenarios, how much impact on economic growth they have. like say they don't do anything until after the election, but say they just like do a short-term extension of the tax cuts and maybe somehow avoid the sequester, but don't really solve the whole thing and kick it into the next year, versus like doing a full board of...
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Mar 12, 2012
03/12
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CSPAN2
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you are right to say this last term the u.s. and europeans have been a top of the sheep since about 1815 when the napoleonic war ended so we have had about two centuries which is a good run and what we are headed to now is the world for most 21st century of have a dominant player and that's an interesting world not that different than where we were in 1600 when you had the roman empire, the ottomans, the chinese empire, but the key difference is in the 1600's those imperial zones didn't penetrate, they rarely interact with each other, so they can each ago kind of according to their own. what's happening now was the urals mushed together. what we do, what china does, what happens in india affects us and that is why the next as can be complicated because we need to agree on a set of rules in ways we have never before. >> charles kupchan, how is it that europe and the 17th and 18th centuries became dominant? >> it starts with the end of feudalism and to some extent, europe's strength was its weakness because when the structure bega
you are right to say this last term the u.s. and europeans have been a top of the sheep since about 1815 when the napoleonic war ended so we have had about two centuries which is a good run and what we are headed to now is the world for most 21st century of have a dominant player and that's an interesting world not that different than where we were in 1600 when you had the roman empire, the ottomans, the chinese empire, but the key difference is in the 1600's those imperial zones didn't...
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May 17, 2012
05/12
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CSPAN3
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and u.s. spending. and the three options are basically this -- and they were alluded to in the last panel and i'll go over them very briefly. essentially, republicans laid out various options for eating more. in other words, the house has offered a proposal to add $4 billion on top of what the pentagon has asked for. okay. we know that this proposal coming from the house republicans is not going to go anywhere in the senate, but it's a good indication of where the political tenor is and what the republican party believes the solution that faces us. us a an alternative for sequestration. i won't dough into that. look at mitt romney's campaign. he has basically said we should spend, an estimate, as much as $2.1 trillion more over the next decade than what the obama administration, for instance, has laid out. $2.1 trillion more. i want to emphasize that. more. not cutting. more. okay. so obama administration. what's the obama administration's proposal? more or less, stay the course. all the talk of the oba
and u.s. spending. and the three options are basically this -- and they were alluded to in the last panel and i'll go over them very briefly. essentially, republicans laid out various options for eating more. in other words, the house has offered a proposal to add $4 billion on top of what the pentagon has asked for. okay. we know that this proposal coming from the house republicans is not going to go anywhere in the senate, but it's a good indication of where the political tenor is and what...
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Jan 30, 2012
01/12
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CNBC
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the environment feels to me like the u.s. is in a little better shape than the markets appreciated and now the markets are catching up. >> in terms of needing to raise capital, are you expecting to sell assets? >> i don't think we will raise capital. morgan stanley is through the sort of damage zone. we've gained share in our core institutional businesses, and we're looking forward to getting this ingration with smith barney done and looking forward to that acquisition over time. >> with housing it's going to take time to work through everything, we have a couple years of working through inventories of properties. we try to modify whenever we can to help people stay in their homes. we have done it a million times. that's a million times we've had people stay in. when we can't do that short sale or ultimately the worst outcome is foreclosure. >> those businesses that are geared to the emerging market consumer or geared towards global trade flows or banking they're doing well. it's almost as if the banking business has two diff
the environment feels to me like the u.s. is in a little better shape than the markets appreciated and now the markets are catching up. >> in terms of needing to raise capital, are you expecting to sell assets? >> i don't think we will raise capital. morgan stanley is through the sort of damage zone. we've gained share in our core institutional businesses, and we're looking forward to getting this ingration with smith barney done and looking forward to that acquisition over time....
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May 14, 2012
05/12
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CSPAN3
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you mentioned the brigades and u.s. nuclear weapons. if we remove them, all of the u.s. military footprint in europe, how do you convince, for instance, the partners -- not the partners, the allies in the baltics, which are actually a very frightened by the russian -- how do you convince them that article 5 is still credible? so that's my question. >> thank you. so i think we've got a question on the rationale for building missile defenses, particularly in the context is this part of a smart solution. the detail of specialization and cooperation, how does that fit into a broader vision when nato wants to go. and then on the context of dieting, when is enough, enough? is maybe i'll ask all of the panelists to consider those questions. you can dip in and answer either or ally of three of them. they can choose. you can start, julie. >> okay. well, i'll try maybe the second one and then i'll say a word about missile defense. as was noted earlier on the panel, i think nato, ever since -- it's obvious, we've said this at numerous conferences, countless conferences over the yea
you mentioned the brigades and u.s. nuclear weapons. if we remove them, all of the u.s. military footprint in europe, how do you convince, for instance, the partners -- not the partners, the allies in the baltics, which are actually a very frightened by the russian -- how do you convince them that article 5 is still credible? so that's my question. >> thank you. so i think we've got a question on the rationale for building missile defenses, particularly in the context is this part of a...
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Mar 21, 2012
03/12
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CSPAN3
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and the u.s. financial situation to the sovereign debt crisis. they argue that social safety net in this country, as we know it, which provides critical support to the nation's 99% should be tossed aside. those republicans have used the european crisis to justify arguments for draconian austerity in the united states, as it is now being imposed in greece. chairman bernanke and secretary geithner, can the financial situation of the united states be reasonably compared to that in greece? just curious. >> as i responded earlier on this, i think a direct comparison is not appropriate. greece has a much higher debt to gdp ratio. they're a very small economy. they don't have an individual central bank, a separate monetary policy. there are lots of differences. that being said, i think everyone needs to acknowledge -- and i'm sure you do -- that in the long run every country, including the united states, has to have a sustainable fiscal path and we need to pay attention to that. >> i agree. would you agree with that, secretary geithner? >> yes, of cours
and the u.s. financial situation to the sovereign debt crisis. they argue that social safety net in this country, as we know it, which provides critical support to the nation's 99% should be tossed aside. those republicans have used the european crisis to justify arguments for draconian austerity in the united states, as it is now being imposed in greece. chairman bernanke and secretary geithner, can the financial situation of the united states be reasonably compared to that in greece? just...
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foreign ministry said enough was enough and needed to be called for a suspension of all adoptions by u.s. citizens our own story was true in the series of child abuse cases over the last twenty years more than sixty thousand russian children were adopted by american families one thousand nine hundred one fortunately most of these children are now or live in. new american families however seven to marital children dozens harmed and hundreds who disappeared. which cannot be just a lot to put an end to adoption related scandals russia and the west negotiated a bilateral agreement it took seven rounds of talks before the document was finally signed last summer by sergei lavrov and hillary clinton. as a result we have an agreement which is truly carries granting equal rights to both russia and the us in security guarantees that adoptive parents are psychologically and mentally stable because that's our celebration of this mutual understanding didn't last in february the russian foreign ministry once again called for adoptions by u.s. citizens to be put on hold and one of the reasons behind mo
foreign ministry said enough was enough and needed to be called for a suspension of all adoptions by u.s. citizens our own story was true in the series of child abuse cases over the last twenty years more than sixty thousand russian children were adopted by american families one thousand nine hundred one fortunately most of these children are now or live in. new american families however seven to marital children dozens harmed and hundreds who disappeared. which cannot be just a lot to put an...
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i don't agree with the u.s. government belief that this is a serious problem with iran is doing is they're using very simple relevent nothing simple about rockets but the using very early generation rocket technology the only rockets they could build that could reach the united states would be enormous in size and not be mobile this city would have to be launched from fixed locations where the united states and russia if russia joined the united states could monitor these these missiles many in the united states dislike the views of thehotel postal he maintains that the european missile defense system is ineffective the scientist estimates that it has no chance of protecting the united states from a rainy and missiles instead it creates problems for russia if russia believes the fence is not needed but it doesn't pose a theoretical threat to russia. my guess is that the russian government will say ok if you want to spend your national treasure this will help you so it solves the political problem and it provides
i don't agree with the u.s. government belief that this is a serious problem with iran is doing is they're using very simple relevent nothing simple about rockets but the using very early generation rocket technology the only rockets they could build that could reach the united states would be enormous in size and not be mobile this city would have to be launched from fixed locations where the united states and russia if russia joined the united states could monitor these these missiles many in...
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200
Jan 11, 2012
01/12
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KRCB
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eye 200
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@noc rec 2 its stock fell 10.5%rec 2tradin. lvjaeacvrnlvjacv@ the u.s. and europe.jacv@noc re2 several technology f@ earninong- quarter rethe firmlv sjaaycvs dd lvja @sharesno uc p realc @noc rec 2d its fourth th is reporlvtijangcv weamvjacv@noe decline of@noc rec 2 c t that drop is mild compre to the 28% decline in webmet prr noc rec 2noc rec 2 biggest losers fomvjacvmvjacv@noc cv@noc rec 22 nvja>>cv susie@a comeback nvja, reboundin @asia.noc rehe north americancv2 nvtroit, they rolled out morenod there's another problem thatalef nv nvjacv@utonvjacv@ rethe company's best- hav@e a m2 rec 2 japane jacvar of natural disanv cvja @anolec s.re noc >>re wc e'2re here toonda i2 again firing we're back to nvjacvnvjacv@no we're cv>>@ repornotec r:re dc s noc rec 2 the indust jacvovjacvile u.s.ov @rivanos like the chevy rec e.ovdljay cvalone @in itsno cv@noc rec 2ost of the japaovnes still,c rec 2 that could be evs exporting ovprjaodcv aovjacv@ja. >> reporter: nissan ag movorjae tennessee. gnreedc p2athfinder, chairman andc pvjacv says, by the the the amount of pv
@noc rec 2 its stock fell 10.5%rec 2tradin. lvjaeacvrnlvjacv@ the u.s. and europe.jacv@noc re2 several technology f@ earninong- quarter rethe firmlv sjaaycvs dd lvja @sharesno uc p realc @noc rec 2d its fourth th is reporlvtijangcv weamvjacv@noe decline of@noc rec 2 c t that drop is mild compre to the 28% decline in webmet prr noc rec 2noc rec 2 biggest losers fomvjacvmvjacv@noc cv@noc rec 22 nvja>>cv susie@a comeback nvja, reboundin @asia.noc rehe north americancv2 nvtroit, they rolled...
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98
Mar 29, 2012
03/12
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CSPAN3
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eye 98
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i think there's a reasonable chance look at the long run of history that the u.s. economy will return to healthy growth somewhere in the 3% range. there are factors to take into account like changes in our population growth rate and our aging of our population and so on. but broadly speaking what this picture shows is over long periods of time our economy has been successful in maintaining long-term economic growth. just saying a few words about regulatory changes. you recall that i discussed the last couple of lectures the vulnerabilities in both the private and public sector in the financial system. on the public side, the crisis revealed many weaknesses in our regulatory system. we saw what happened in lehman brothers and aig. the too big to fail problem, the effects that they had on our system. more generally the problem of lack of any attention the systs opposed to individual ssystem. so there has been a very substantial amount of financia regulatory reform in the united states. the biggest piece of legislation is dodd-frank act. i'm sure you know legislation
i think there's a reasonable chance look at the long run of history that the u.s. economy will return to healthy growth somewhere in the 3% range. there are factors to take into account like changes in our population growth rate and our aging of our population and so on. but broadly speaking what this picture shows is over long periods of time our economy has been successful in maintaining long-term economic growth. just saying a few words about regulatory changes. you recall that i discussed...
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Apr 12, 2012
04/12
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u.s. trade and investment policy chaired by tom daschle and andy card and started with the evidence that the u.s. has been an export underperformer and talked about how to improve things on that front. i'm delighted to be moderating this panel. we have a superb set of panelists with us to take us through the issues. on my right, samuel allen, the chief executive of john deere. his full bio is in your material. to his right, hall sirkin, managing director of the boston group and then to the far right, dave thompson, chief executive of orbital sciences. i'm just going to give a little bit of introduction. the title of our session is "competing around the world." i would suggest this is a particularly fluid time to be trying to address this question. just to sort of frame it, on the positive side some of might have seen a recent article in "american interest." it makes the argument the u.s. is poised to become an export powerhouse, notes since the end of the recession exports have accounted f
u.s. trade and investment policy chaired by tom daschle and andy card and started with the evidence that the u.s. has been an export underperformer and talked about how to improve things on that front. i'm delighted to be moderating this panel. we have a superb set of panelists with us to take us through the issues. on my right, samuel allen, the chief executive of john deere. his full bio is in your material. to his right, hall sirkin, managing director of the boston group and then to the far...
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Mar 19, 2012
03/12
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economy, the u.s. dollar and the u.s. financial system? >> well, i think the u.s. is going to be an enormous beneficiary and huge participant in that long boom of growth ahead for those countries. you know, those countries on average are growing 5%, 6%, 7% for pretty long periods of time. europe and japan much lower growth potential. much worse demographics than we have. and we'll lie somewhere between those two. we have lucky as an economy we're so much more broad based and resilient and productive that we're in a very good position to benefit enormously from that growth ahead. but you see an important change in those basic growth strategies of china in particular because they recognize as they grow to be so large they can't rely on export dominant dependent growth strategy as much as they have in the past and they have to shift to more domestic growth. for that to happen they're going to have to continue to let their exchange rate move to a more market oriented system and shift the broader set of incentives to encourage that shift. that's going to be a necessary
economy, the u.s. dollar and the u.s. financial system? >> well, i think the u.s. is going to be an enormous beneficiary and huge participant in that long boom of growth ahead for those countries. you know, those countries on average are growing 5%, 6%, 7% for pretty long periods of time. europe and japan much lower growth potential. much worse demographics than we have. and we'll lie somewhere between those two. we have lucky as an economy we're so much more broad based and resilient and...
WHUT (Howard University Television)
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Sep 11, 2012
09/12
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. >> their findings will be published on the online issue of the u.s. science magazine, proceedings of the national academy of sciences. >>> people in many areas of japan are dealing with heavy rain. sayaka mori gives us the latest in her weather forecast. >> hi there. strong frontal system has been dumping very heavy rain from hokkaido. it looks like stormy conditions will continue into tomorrow. an additional 150 millimeters possible into tomorrow afternoon. flooding and landslides will continue to be a big concern. a tropical depression to the south of japan. good news is that it will not intensify and it will likely stay over the waters for the next several days. this low pressure system is dumping tremendous amounts of rain. the heavy rain will be moving in as we head into tomorrow. forces south have got a newly formed tropical storm. now producing gail force winds and seems it will move towards the north over the next few days. we will keep you posted on its progress. leslie could make landfall as a tropical system stays by tuesday morning. head t
. >> their findings will be published on the online issue of the u.s. science magazine, proceedings of the national academy of sciences. >>> people in many areas of japan are dealing with heavy rain. sayaka mori gives us the latest in her weather forecast. >> hi there. strong frontal system has been dumping very heavy rain from hokkaido. it looks like stormy conditions will continue into tomorrow. an additional 150 millimeters possible into tomorrow afternoon. flooding and...
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families with russian children because because the laws are stricter on adoption legal then in the u.s. we have an exclusion abuse in the family rather logical family or. a large family created as a result of adoption takes place also in europe. we have very serious figures about abuse in the family. which show that we in all in all cases of adoption. as for general family life we have to be very alert about the interests of the child. i happen to know but i may be wrong and this in russian federation of older of the and by. and children in russian federation ninety five percent are actually social orphans they're not. one are or both biological parents are still alive so i think the first thing to assert is whether it is possible to reintegrate these children into their original authentic families and we need a lot of support from that by the state both in terms of finance but also social social support. if that doesn't work. in fact adoption is a possibility i would personally favor a first international adoption precisely because i don't exclude one day that she still didn't can be
families with russian children because because the laws are stricter on adoption legal then in the u.s. we have an exclusion abuse in the family rather logical family or. a large family created as a result of adoption takes place also in europe. we have very serious figures about abuse in the family. which show that we in all in all cases of adoption. as for general family life we have to be very alert about the interests of the child. i happen to know but i may be wrong and this in russian...
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Feb 27, 2012
02/12
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the u.s. and the europeans have effectively been on top of the heap since about 1815 when the napoleonic war ended so we have had about two centuries, which is a pretty good run, and i think we are headed to now is the world that for much of the 21st century won't have a dominant player and that is an interesting world. it's not that different than where we were in 1600 when you have the holy roman empire, the ottomans, the japanese empire, the chinese empire, but the difference is in the 1600's goes into real zones didn't penetrate. they really interacted with each other. the each ago according to their own. what's happened now we are all smashed together. what we do here, with china does, what happens in india affects us and why this why the next is going to be complicated, because we need to agree on a set of rules in ways that we have never before. >> how we set that year up in the 17th and 18th centuries became? >> i think the story starts with the end of feudalism, and to some extent, eu
the u.s. and the europeans have effectively been on top of the heap since about 1815 when the napoleonic war ended so we have had about two centuries, which is a pretty good run, and i think we are headed to now is the world that for much of the 21st century won't have a dominant player and that is an interesting world. it's not that different than where we were in 1600 when you have the holy roman empire, the ottomans, the japanese empire, the chinese empire, but the difference is in the...
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Apr 19, 2012
04/12
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the u.s. tax system, you could argue equity is part of what's wrong, but by this limited approach it a big problem? >> good questions and thanks for raising them. you know, among the challenge wes face as a country, they're not the only challenge we face, is trying to find a way to build political consensus around a balanced mix of tax reforms and spending savings to restore sustainability to a fiscal position. it's not the only challenge. not the most urgent challenge we face but it will be critical going forward and at the end of the year we have this huge incentive, huge opportunity to try to get people to come together and again make some progress in that direction. for that to happen, you're going to need some additional revenues through tax reform alongside some significant savings across all parts of government. health care. all the other things, you know, that dominate the spending picture of the government, and, but they have to happen together, because it's untenable to ask people to
the u.s. tax system, you could argue equity is part of what's wrong, but by this limited approach it a big problem? >> good questions and thanks for raising them. you know, among the challenge wes face as a country, they're not the only challenge we face, is trying to find a way to build political consensus around a balanced mix of tax reforms and spending savings to restore sustainability to a fiscal position. it's not the only challenge. not the most urgent challenge we face but it will...
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Nov 14, 2012
11/12
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put in the credit rating of the u.s. at risk. is there really a compelling argument within congress? the dollar, after all -- when there is a crisis abroad, it is the first place people move into. the reserve currency around the world. is that hovering over these negotiations or that anxious about the markets? has that been dispensed with? >> i think it is hovering over this. there is a more immediate prod, the reality that will confront every member of congress. these tax cuts from the bush era are all going to expire. the sequester, $1.20 trillion across-the-board cuts. that is in law. the doctors who treat medicare -- the alternative minimum tax will grow from affecting 4 million-5 million people to affecting 30 million people. the doctors who treat medicare patients are going to face a 28% cut. these are not somebody's imaginings. these things are all in law. they are going to happen. there is a debt limit the session -- that will have to be -- debt limit extension that will have to be addressed. >> that could extend these th
put in the credit rating of the u.s. at risk. is there really a compelling argument within congress? the dollar, after all -- when there is a crisis abroad, it is the first place people move into. the reserve currency around the world. is that hovering over these negotiations or that anxious about the markets? has that been dispensed with? >> i think it is hovering over this. there is a more immediate prod, the reality that will confront every member of congress. these tax cuts from the...
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Feb 10, 2012
02/12
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manufacturers and u.s. workers. with that, we'll turn to senator johnson who is fil i senator sessions this morning for his opening remarks and then we'll turn to our witnesses for their testimony and, again, i want to thank senator johnson for filling in for senator sessions this morning. i just say to colleagues, there are many competing meetings of other committees this morning, including mark-ups in some, which means that colleagues who would like to be here simply cannot be here and participate in the work of other committees on which they serve.
manufacturers and u.s. workers. with that, we'll turn to senator johnson who is fil i senator sessions this morning for his opening remarks and then we'll turn to our witnesses for their testimony and, again, i want to thank senator johnson for filling in for senator sessions this morning. i just say to colleagues, there are many competing meetings of other committees this morning, including mark-ups in some, which means that colleagues who would like to be here simply cannot be here and...
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Jun 13, 2012
06/12
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. >> i think you need the equivalent of the u.s. treasury bond. one of the reasons the united states can run now and bail out its banks is because nobody questions the ability of the treasurer to repay a hundred percent on its bonds. that's something that spain and italy and greece cannot do. and what europe is trying to lurch towards is something like the creation of a risk-free treasury bond so that spain can borrow at the same rate as germany. so this requires enormous political compromises. it means that the creditor countries have to be willing to stand behind the debts of the borrower countries like spain and italy and greece. and notwithstanding our cover like merkel, the german position which boils down to why do you think they'll be more careful with our money than they were with their own? the germans are very sincere saying the answer is more, not less. we believe in the european project. we are prepared to sur rended our sovereignty to make this work. and they're not convinced that they have gotten the buy in yet from the other countri
. >> i think you need the equivalent of the u.s. treasury bond. one of the reasons the united states can run now and bail out its banks is because nobody questions the ability of the treasurer to repay a hundred percent on its bonds. that's something that spain and italy and greece cannot do. and what europe is trying to lurch towards is something like the creation of a risk-free treasury bond so that spain can borrow at the same rate as germany. so this requires enormous political...
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Jan 29, 2012
01/12
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WJLA
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money in to u.s. real estate. i think k people are being selective about where they can find opportunities and they are looking forward to a better 2012. >> i think it is fair to say between the european central bank and the move byy the federl reserve, the world's two largest central bks have thrown down a challenge. they are adopting policies that are going to drive for growth. they are expanding their balanae sheets to histori levels to try to get there. on one level you start to ask the question you a ask them wha are they seeing that makesthem nervous that the broader market is not eing. there's clearly commitment t to growth. they don't see inflatio on t horizon so ty are committed to push the economies forward. >> in terms of the risks for the year, you have to anticipate whatever it is out this. what keeps yo up at night? what do you wor about in terms of the potential risks for the year? >> you worry about the banking crisis that happens in thehe eurozone. everyone's working very hard to make sure that's
money in to u.s. real estate. i think k people are being selective about where they can find opportunities and they are looking forward to a better 2012. >> i think it is fair to say between the european central bank and the move byy the federl reserve, the world's two largest central bks have thrown down a challenge. they are adopting policies that are going to drive for growth. they are expanding their balanae sheets to histori levels to try to get there. on one level you start to ask...
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Mar 28, 2012
03/12
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and the ever clever u.s. financial firms figured out that they could take a variety of different kinds of underlying credits whether subprime mortgages or whatever and through the miracles of financial engineering they could create from that at least some securities that would be high quality, it would be rated aaa in which they could then sell abroad to other investors. unfortunately that sometimes left them with the remaining bad pieces which they kept or sold to some other financial firm. so there were trends in the financial markets, i think, including over confidence about their ability to manage those risks. a belief that house prices would probably keep rising. a sense that they could even after they made those mortgages they could then sell them off to somebody else and that that other person or other investor would be willing to acquire them. there was a big demand for quote safe assets. for all those reasons it was actually a very profitable activity while it lasted and only when the house prices be
and the ever clever u.s. financial firms figured out that they could take a variety of different kinds of underlying credits whether subprime mortgages or whatever and through the miracles of financial engineering they could create from that at least some securities that would be high quality, it would be rated aaa in which they could then sell abroad to other investors. unfortunately that sometimes left them with the remaining bad pieces which they kept or sold to some other financial firm. so...
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as the u.s. presidential election heats up the contenders are fighting hard to make it to the white house our resident in new york laurie harvin is hit the streets of times square to find out what people think about the oval office race. in the u.s. republican presidential hopefuls are duking it out with the gloves are off what does the world's make of these candidates this week let's talk about that do you think there's any difference between mitt and newt no i think they're both going to want to use church who are sort of exclusionary and don't think a lot about the people they're supposed to serve and their big difference between mitt romney and newt gingrich republicans so there's no difference ron paul's republican you think there's a difference with him really the same for the watch with the better business room. he's done a lot into a somewhat copies of the yeah but he's also like gotten a lot of people out of jobs with his business he's been a little bit ruthless in his business and so yo
as the u.s. presidential election heats up the contenders are fighting hard to make it to the white house our resident in new york laurie harvin is hit the streets of times square to find out what people think about the oval office race. in the u.s. republican presidential hopefuls are duking it out with the gloves are off what does the world's make of these candidates this week let's talk about that do you think there's any difference between mitt and newt no i think they're both going to want...
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Mar 14, 2012
03/12
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what's the return rate of growth for the u.s. economy? the u.s. has population growth, strong immigration, and innovative economy. you add those components together and the japan like experience for the united states economy is a growth rate of 2 1/2%. >> if i could add one point there, productivity growth in the u.s. for gdp over the last year has been negative. the trend over the long run may be 2 1/2% but because capital formation in the business sector has been so depressed and because we went -- we had a huge boom inivity in the recovery we may be looking at several years.1/2%. labor force right now with the aging population is growing about 3/4%. maybe we get a little bit of rebound in labor force participation to discourage workers but there's no question that productivity growth is going to be quite -- could very well be quite depressed over the next several years which says 2 1/2% gdp growth which is pretty close to consensus gives you a fair amount of improvement in employment, okay, and one final point is that the data on employment are
what's the return rate of growth for the u.s. economy? the u.s. has population growth, strong immigration, and innovative economy. you add those components together and the japan like experience for the united states economy is a growth rate of 2 1/2%. >> if i could add one point there, productivity growth in the u.s. for gdp over the last year has been negative. the trend over the long run may be 2 1/2% but because capital formation in the business sector has been so depressed and...
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Jun 20, 2012
06/12
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so what should the u.s. do? frankly, i'm neutral on whether the u.s. should require issuers to give a bigger role to ordinary investors. but i feel strongly that if we're going to do that, it should be through the hybrid method with a separate tranche so that everyone has an equal chance of getting shares, but it doesn't disrupt the price setting. last, on the role that small investors should play in private equity, and in particular crowd funding, where you have a -- maybe a website and a bunch of people put up a few hundred dollars each, i see two big problems with that. the first is who is going to do the due diligence? fraud is a major problem with these. someone needs to screen these offerings before they get funding, and someone needs to continue to monitor them. and if we don't find a way to do that, crowd funding could be a disaster for ordinary investors. and second question is who is going to set the price? i hope that i've communicated that letting ordinary investors price ipos has been disastrous. and if they're not good at pricing relative
so what should the u.s. do? frankly, i'm neutral on whether the u.s. should require issuers to give a bigger role to ordinary investors. but i feel strongly that if we're going to do that, it should be through the hybrid method with a separate tranche so that everyone has an equal chance of getting shares, but it doesn't disrupt the price setting. last, on the role that small investors should play in private equity, and in particular crowd funding, where you have a -- maybe a website and a...
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May 12, 2012
05/12
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we're well aware and that's why it's important for u.s. leadership to be focused and clear in chicago. >> thank you. madam chair? >> senator risch? >> thank you for coming, gentlemen. we met -- this committee met with the secretary-general yesterday and we had a spirited discussion. i'd like to associate myself with his remarks. we all have the same concerns he does and want to make sure the communication is clear, wanting to join is one thing. a strong commitment is another issue that certainly needs to be underscored. let me say that, senator gore done, you quickly identified those interested in. i want to talk about one of those briefly and that is the georgia situation. it is a concern to a lot of us and in your remarks you talked about the stressing that you did to the russians about meeting their commitments as far as georgia is concerned, and you touched on it kind of lightly and i don't mean that derogatorily. it's almost as if the international community understands the commitments that the russians have made regarding georgia but
we're well aware and that's why it's important for u.s. leadership to be focused and clear in chicago. >> thank you. madam chair? >> senator risch? >> thank you for coming, gentlemen. we met -- this committee met with the secretary-general yesterday and we had a spirited discussion. i'd like to associate myself with his remarks. we all have the same concerns he does and want to make sure the communication is clear, wanting to join is one thing. a strong commitment is another...
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Nov 11, 2012
11/12
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sir u.s. strategy should have focused on asia, but because of britain's persuasion and roosevelts strategic thinking and u.s. and allied overall adopted a policy of europe first is the second strategy. that dramatically reduced the importance of the china theater which have become a major issue term world politics. china constantly tries to justify its importance in the overall global strategy while most of the british tried to downplay of rome. and in retrospect both sides ha validity in the arguments. by that time china became very important toward the end of 43-44. the nature of were changed because the u.s. original strategy was to drive japanese to the western pacific to the edge and then went on china for china to go north and go thro the japan homeland. by the end of 1943 in the beginning of 1944 particularl from the philippines, as much better way to go after japan. so the la
sir u.s. strategy should have focused on asia, but because of britain's persuasion and roosevelts strategic thinking and u.s. and allied overall adopted a policy of europe first is the second strategy. that dramatically reduced the importance of the china theater which have become a major issue term world politics. china constantly tries to justify its importance in the overall global strategy while most of the british tried to downplay of rome....
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this is r t the u.s. soldier suspected of carrying out a bloody massacre of afghan civilians are now expected to be charged with seventeen counts of murder and six counts of assault and attempted murder star sergeant robert bales is currently awaiting trial in the u.s. and could face the death penalty if convicted his lawyer says that there is a lack of evidence against his client who doesn't confer stop or killings and investigation by the afghan parliament claims up to twenty others could have been involved veteran and activist michael cries nurse says the trial is unlikely to improve the opinion the afghan people have of the u.s. . politicians and the generals and the officers in the military commanders they have made every single person in afghanistan the enemy and it is an occupation that the people overwhelmingly up close and this is the this is the nature of the occupation where every single afghan is considered fair game by the u.s. military and if we look at the have a sister of the massacres tha
this is r t the u.s. soldier suspected of carrying out a bloody massacre of afghan civilians are now expected to be charged with seventeen counts of murder and six counts of assault and attempted murder star sergeant robert bales is currently awaiting trial in the u.s. and could face the death penalty if convicted his lawyer says that there is a lack of evidence against his client who doesn't confer stop or killings and investigation by the afghan parliament claims up to twenty others could...
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Jun 21, 2012
06/12
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thank you. >> well, the u.s. economy is in a situation where short-term interest rates are close to zero and so what that means is the federal reserve cannot add monetary accommodation by cutting short-term interest rates, the usual approach. it's been one of the themes of my own work for a long time including some of the work they did on the bank of japan that central banks are not out of tools once the short-term interest rate hits zero there are additional steps that can be taken and we demonstrated through both communications, techniques, guidance, about future policy which is something the japanese have done as well, by the way and through asset purchase which is also something that the bank of japan has done that central banks do have some ability to provide financial accommodation, support their recovery even when the short-term interest rates go to zero. that being said, these non-standard policies are less well understood and they do have costs and risk, but i do think at the same time that they can be e
thank you. >> well, the u.s. economy is in a situation where short-term interest rates are close to zero and so what that means is the federal reserve cannot add monetary accommodation by cutting short-term interest rates, the usual approach. it's been one of the themes of my own work for a long time including some of the work they did on the bank of japan that central banks are not out of tools once the short-term interest rate hits zero there are additional steps that can be taken and...
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Feb 2, 2012
02/12
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so i believe the u.s. should support if it turns out to be necessary, additional imf financial contributions to the european problem on a minority basis, maybe the one-third in the previous cases, maybe less, but certainly it could be significant, and i therefore think the united states should support the current efforts of the imf to created a new fund, 500 to $600 billion which in conjunction with the funds the europeans are raising would take the fire wall to over a trillion. so there would be enough there to avoid any significant financial disruption either from italy or spain. i think the u.s. should support that. but i do not think the united states should contribute. the funding the imf needs should be borrowed from the big sur plus and creditor companies. china, japan, singapore, hong kong, brazil, russia, mexico, many of those countries already said they will lend and they should be tacked. they have big sur pluses and big reserves. we should support the effort but not put in our own money. the u.
so i believe the u.s. should support if it turns out to be necessary, additional imf financial contributions to the european problem on a minority basis, maybe the one-third in the previous cases, maybe less, but certainly it could be significant, and i therefore think the united states should support the current efforts of the imf to created a new fund, 500 to $600 billion which in conjunction with the funds the europeans are raising would take the fire wall to over a trillion. so there would...
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May 19, 2012
05/12
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KCSM
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the u.s. for the g-8 summit with europe's financial problems set to dominate. that germany's chancellor angela merkel has suggested greased hold a referendum on staying in the eurozone -- greece hold a referendum. >> a source close to the president said she broached the subject of a referendum. merkel's office denied the report. this strikes like lightning and adds to the feeling that new elections in greece next month will indeed be a vote for or against euro membership. let's go to our chief correspondent on the story in berlin. we have to admit -- we were not terribly surprised when we heard this report about merkel's suggested a referendum, but we were surprised to hear her office immediately saying none of this was true. >> they have emphatically denied it. we call the chancellery, and they said she must definitely did not suggest that a referendum be held -- we called the chancellery. it might be a trifle surprising had she suggested this, since she quite vehemently rejected the idea in
the u.s. for the g-8 summit with europe's financial problems set to dominate. that germany's chancellor angela merkel has suggested greased hold a referendum on staying in the eurozone -- greece hold a referendum. >> a source close to the president said she broached the subject of a referendum. merkel's office denied the report. this strikes like lightning and adds to the feeling that new elections in greece next month will indeed be a vote for or against euro membership. let's go to our...
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Mar 23, 2012
03/12
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but we're careful people, so we'll look at concerns by u.s. financial institution and u.s. businesses as well as foreign governments as we look at the comments. but i don't think there is that risk, but if there is, we'll address it. >> how do you address the wall street journal's comments when you say it could compare similar bonds, and youing a knowledge that in some fashion? >> no, i don't. i don't think there is that risk. the way the law is structured, there's a set of safeguards to from firms taking risks with a sifty net finance proprietary trading activities. the law is also designed to protect market making and hedging. so the exemptions the law requires us to design exemptions for those activities for good reasons. but when you design exemptions, you have to be sure they don't swallow the rule. >> but let's go back to the financial services sector. if we're saying that they're going to be under the guidelines requirement to the voca rule and all the other countries are saying we're not going to do that because that would put us at a disadvantage. so we have to ack
but we're careful people, so we'll look at concerns by u.s. financial institution and u.s. businesses as well as foreign governments as we look at the comments. but i don't think there is that risk, but if there is, we'll address it. >> how do you address the wall street journal's comments when you say it could compare similar bonds, and youing a knowledge that in some fashion? >> no, i don't. i don't think there is that risk. the way the law is structured, there's a set of...
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to put it back on track u.s. alone has been billions of dollars in bailouts it just doesn't seem to be able to take off why is it not picking up money as people used in the wrong way and they're using old ways to solve new problems and they're not coming up with new ways. we have you know sure the stimulus what happens is the money goes into the tracks and because you have no regulation between the banks and investment banks the money is not being allowed to people in communities are starting to use to reinvigorate you know the heartland of america it's going basically to the investment bankers were goes to the hedge funds and it goes into asian stock markets and commodities like oil and it creates inflation in china that's what's happening and it's not addressing the problem so it's creating more debt. and it's a it's a bad conundrum. what we really need in america is we need to reinvigorate our infrastructure or invest infrastructure is really really behind and there's a kind of self-denial about this i think w
to put it back on track u.s. alone has been billions of dollars in bailouts it just doesn't seem to be able to take off why is it not picking up money as people used in the wrong way and they're using old ways to solve new problems and they're not coming up with new ways. we have you know sure the stimulus what happens is the money goes into the tracks and because you have no regulation between the banks and investment banks the money is not being allowed to people in communities are starting...
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Aug 24, 2012
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people in the u.s. had planned to build a final storage facility underneath the desert in the state of nevada, but president obama put the plan on hold when he took office. political change in germany shelved the underground storage plan there as well. in canada, canada decided to keep this waste at ground level for 60 years and prepare for a final storage plan within that time, so other countries are in the same position as japan. what's different is they haven't been dealing with the aftermath of a nuclear accident. this issue is yet another conundrum facing the government and the public. >> nhk world's kahu izumitani. >>> people in tokyo are customed to overcrowding. in one of the world's biggest cities it's just a part of life. it's also part of the afterlife. the traditional japanese burial is in a crowded graveyard under a heavy stone. but as space is getting squeezed and society changes ideas about burial are evolving. one of the newest approaches is coming from the tokyo government. nhk world's
people in the u.s. had planned to build a final storage facility underneath the desert in the state of nevada, but president obama put the plan on hold when he took office. political change in germany shelved the underground storage plan there as well. in canada, canada decided to keep this waste at ground level for 60 years and prepare for a final storage plan within that time, so other countries are in the same position as japan. what's different is they haven't been dealing with the...